Duty drawback rate revision: revised AIR framework updates input-duty calculations and integrates DEPB items affecting export drawback claims. Revised All Industry Rates of Duty Drawback for 2011-12 are effective from October first, incorporating input prices, SION, import shares, FOB values, applied duty rates, diesel/furnace oil duty incidence and service tax on input services; DEPB items have been integrated into the drawback schedule with transitional rate adjustments and specific classification and retrospective application clarifications for selected tariff entries.
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Duty drawback rate revision: revised AIR framework updates input-duty calculations and integrates DEPB items affecting export drawback claims.
Revised All Industry Rates of Duty Drawback for 2011-12 are effective from October first, incorporating input prices, SION, import shares, FOB values, applied duty rates, diesel/furnace oil duty incidence and service tax on input services; DEPB items have been integrated into the drawback schedule with transitional rate adjustments and specific classification and retrospective application clarifications for selected tariff entries.
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